Forex4Money Review – Is it a Scam or Legit Broker (2020)

In this Forex4Money Review, we are going to take a look at the offer that this broker prepared for its traders. Forex4Money operates on the financial market since 1995. When it comes to trading platforms, the broker features WebTrader. The Forex4Money minimum deposit is 100 USD.

Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

Basic information from this Forex4Money Review

Website address: forex4money.com
Operated by: Forex Internatinal Gain Ltd.
Licensed and authorised by regulatory bodies: VFSC
Supported languages: English
Customer support available via: E-mail, phone, live-chat
Contact details: [email protected], +1 727 451 9982
Available deposit methods: VISA, MasterCard, American Express, JCB, Payment Asia, PayPal
Available withdrawal methods: VISA, MasterCard, American Express, JCB, Payment Asia, PayPal
Minimum deposit: 100 USD
Min. trade in lots: 0.01
Spreads: Typical spread on the currency pair EUR/USD4,0 pips * on standard account type
Tradable assets: Forex, stocks, commodities, indexes
Mobile app: Yes
MetaTrader 4: No
Other trading platforms: WebTrader
Leverage: up to: 1:400
Social trading: No

Forex4Money Fees (typical spreads)

We have scanned fees (typical spreads) that Forex4Money charges when trading popular currency pairs, here is their breakdown in pips.

EUR/GBP EUR/USD USD/CHF EUR/JPY GBP/USD USD/JPY
* 4,0* * * * *

*Typical spreads were recorded on 17.01.2020 at 21:27 for the standard account. Forex4Money spreads in the table above serve as illustrative examples only as they for instance, may change according to the market conditions.

Random reviews of competing FX & CFD brokers: FXPCM, Upstox, FXPace and CoverdealFX

Frequently Asked Questions

🧐 Is Forex4Money a Scam?

In accordance with our research, Forex4Money is a broker licensed and regulated by the VFSC. While it is a good thing that the broker is regulated, the VFSC regulatory agency is in comparison to 1st tier regulatory bodies like the CySEC one of the weaker regulatory authorities when it comes to investor protection. In order to be sure that Forex4Money is not a scam, read our trader reviews and check other popular trading related websites and forums.

🆓 What is the Forex4Money minimum deposit?

In order to start trading with Forex4Money, you have to deposit at least 100 USD.

📵 What deposit and withdrawal methods Forex4Money supports?

Forex4Money allows funding your account via VISA, MasterCard, American Express, JCB, Payment Asia, PayPal.

⚖️ Would you recommend me choosing Forex4Money?

We don’t have our own personal experience with Forex4Money. However, the broker is regulated by the VFSC which does not provide as strong protection to traders as 1st tier regulatory bodies (Like the British Financial Conduct Authority). Considering that there are hundreds of brokers with stronger regulation and quite highly possibly with better trading conditions too, it makes little to no sense to trade with Forex4Money.

Should you be looking for a highly reliable broker featuring forex trading and CFDs, you can get your hands on our marketing broker IQ Option – 85% of retail CFD accounts lose money , which is a CySEC regulated company that allows trading from as little as $10 and charges highly competitive fees on all assets.

Broker Regulated by Regulatory agencies ensure that brokers operate in a transparent and honest way. They protect the best interests of clients and also feature an investor compensation scheme which protects trader´s deposits up to a certain limit. Some of the major regulators in the industry include the CySEC in Cyprus, the FCA in the UK and the ASIC in Australia. Min. deposit Trading platforms A trading platform is a computer or mobile software program used to execute transactions within the financial markets. Spreads Special features A list of features that provide a given broker with a competitive edge. Ad Disclosure The table below contains links to 3rd party websites of our top partners from whom we receive compensation at no additional cost to you.
CySEC £/€/$ 10 In-house built platform typical spread 3,0 PIPs ¹
  • User-friendly trading platform
  • International support
Start tradingRead a review
CySECFCA £/€/$ 1 MT4 & xStation 5 typical spread 0,9 PIPs¹
  • Competitive spreads
  • Great customer support
Start tradingRead a review
ASICCySECFCA £/€/$ 100 In-house built platform typical spread 0,6 PIPs ¹
  • User-friendly trading platform
  • Long-established company
Start tradingRead a review

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

¹ Variable spreads, spreads recorded for the EUR/USD on 05.10.2020 at 11:42 GMT.